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Shopping Strip

Pacific Dental & Athletico Physical Therapy | DFW MSA | NNN Leases | Directly Across Super Target

4802 Lakeview Pkwy, Bldg 100, Rowlett (Dallas-Fort Worth MSA), TX 75088

Listing Price: $3,150,000

Cap Rate
5.25%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$636.36
Lot Size
0.70 acres
Year Built
2019

Investment Overview

Rowlett is a city in Dallas and Rockwall counties in the U.S. state of Texas, and an eastern suburb of Dallas. The total population estimate is 73,270 in 2021. It is a growing, upscale community with nearly $1.5 billion in development in the Dallas–Fort Worth metroplex, located on Lake Ray Hubbard. According to the U.S. Census Bureau, the City of Rowlett is rated number 8 of the fastest growing cities in the United States with 5.1% growth from July 2017 to July 2018. In 2019, the City of Rowlett gained regional recognition when Sapphire Bay Development, LLC and the City published plans to construct a master planned community in the middle of the Dallas/Fort Worth Metroplex. The 116-acre development will be Texas’ first resort destination anchored by a man-made lagoon, offering guests a luxurious stay along its shore at the 500 room Sapphire Bay Resort, operated and managed by Destination Hotels by Hyatt. The project will also feature a surf village and a water park, 1,500+ residential units, 1.7 million square feet of mixed-use restaurant, retail, entertainment, office and hospitality space, 20+ acres of parks and trails, a 1,000 slip marina.

Investment Highlights

  • 100% Occupied 2-Tenant Strip with National Tenants on NNN Leases - Pacific Dental & Athletico Features Corp. Backed Leases with Favorable Rental Increases - Brand New 2019 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner - Features Easy Access and Excellent Visibility at a Major Signalized Intersection w/ Daily Traffic Counts Exceeding 36k Vehicles.
  • Pacific Dental Services has 700+ offices operating under different banners in 20 states with plans to add more than 80 offices each year. Athletico Physical Therapy currently operates 560 clinics.
  • Immediate Access to/from Hwy-190 (53k+ VPD). Directly Across from Super Target and near other Numerous National Retailers including Walmart Supercenter, Home Depot, Sprouts, Harbor Freight, CVS, Walgreens and more.
  • Rowlett is Situated on the Interstate-30 and President George Bush Turnpike, providing Easy Access to Downtown Dallas and other Parts of the Dallas-Fort Worth Metroplex.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 214k People Residing within a 5-Mile Radius.
  • Rowlett is One of the Fastest Growing Residential Cities in the Nation - the City has Experienced a 22.7 Percent Growth since 2010.
  • Walking Distance from Rowlett High School, with a total Enrollment of more than 2,585 Students. In Close Proximity to Rowlett Community Center & Rowlett Water Park. Strong Daytime Employment Area - with over 3.4 Million Workers in the Region, Rowlett Offers Access to a Large, Educated Workforce.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Shopping Strip

Pacific Dental & Athletico Physical Therapy | DFW MSA | NNN Leases | Directly Across Super Target

Listing Price: $3,150,000

Cap Rate
5.25%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$636.36
Lot Size
0.70 acres
Year Built
2019

Investment Highlights

  • 100% Occupied 2-Tenant Strip with National Tenants on NNN Leases - Pacific Dental & Athletico Features Corp. Backed Leases with Favorable Rental Increases - Brand New 2019 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner - Features Easy Access and Excellent Visibility at a Major Signalized Intersection w/ Daily Traffic Counts Exceeding 36k Vehicles.
  • Pacific Dental Services has 700+ offices operating under different banners in 20 states with plans to add more than 80 offices each year. Athletico Physical Therapy currently operates 560 clinics.
  • Immediate Access to/from Hwy-190 (53k+ VPD). Directly Across from Super Target and near other Numerous National Retailers including Walmart Supercenter, Home Depot, Sprouts, Harbor Freight, CVS, Walgreens and more.
  • Rowlett is Situated on the Interstate-30 and President George Bush Turnpike, providing Easy Access to Downtown Dallas and other Parts of the Dallas-Fort Worth Metroplex.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 214k People Residing within a 5-Mile Radius.
  • Rowlett is One of the Fastest Growing Residential Cities in the Nation - the City has Experienced a 22.7 Percent Growth since 2010.
  • Walking Distance from Rowlett High School, with a total Enrollment of more than 2,585 Students. In Close Proximity to Rowlett Community Center & Rowlett Water Park. Strong Daytime Employment Area - with over 3.4 Million Workers in the Region, Rowlett Offers Access to a Large, Educated Workforce.

Investment Overview

Rowlett is a city in Dallas and Rockwall counties in the U.S. state of Texas, and an eastern suburb of Dallas. The total population estimate is 73,270 in 2021. It is a growing, upscale community with nearly $1.5 billion in development in the Dallas–Fort Worth metroplex, located on Lake Ray Hubbard. According to the U.S. Census Bureau, the City of Rowlett is rated number 8 of the fastest growing cities in the United States with 5.1% growth from July 2017 to July 2018. In 2019, the City of Rowlett gained regional recognition when Sapphire Bay Development, LLC and the City published plans to construct a master planned community in the middle of the Dallas/Fort Worth Metroplex. The 116-acre development will be Texas’ first resort destination anchored by a man-made lagoon, offering guests a luxurious stay along its shore at the 500 room Sapphire Bay Resort, operated and managed by Destination Hotels by Hyatt. The project will also feature a surf village and a water park, 1,500+ residential units, 1.7 million square feet of mixed-use restaurant, retail, entertainment, office and hospitality space, 20+ acres of parks and trails, a 1,000 slip marina.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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